Taiwan E-Commerce Market is Driven by Rising Smartphone Penetration, Surge in Purchasing Power and Growth Amongst Youth Population: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Growing digital penetration and technological innovation in the country have driven the growth of E-commerce market in Taiwan” Improved E-Commerce Legislation: It has been observed that the Taiwanese government has improved legal structure regarding the E-commerce industry with the emergence of several laws and acts guiding the market and facilitating its growth. For instance, the Electronics Signatures Act passed in 2001, the Consumers Protection Act passed in 2005 and the implementation of an Act governing the Electronic Payment Institutions in 2015. These acts aimed at managing the risks involved in the transactions that take place in online buying and selling. Additional amendments were made, as of 1st July 2017 for the consumers which included that those consumers who have imported products for more than twice a month or six times in six months would be required to pay a new tariff. These changes have driven the E-commerce industry in Taiwan. Increasing Cross Borders E-Commerce: It was observed that the cross-border e-commerce grew by 5.4% in the online retail market for the year 2017 as compared to the year 2016. The cross border online spending was valued at TWD 16,378 per person for the year 2017. Majority of the cross border online sales in Taiwan take place with China, accounting for 69.5% of the trade as of 2017. The major commodities traded across borders include apparel, accessories, computer and electronic products, books, cosmetics, and other basic necessities. This is a positive indicator of the online retail brand in Taiwan. Greater Independent Travel: There has been an increase in the use of international travel brands and online platforms amongst Taiwanese travelers, not only for short trips to familiar destinations such as Japan but also for venturing further afield. Greater independent travel has led many people to use these channels to research and book trips. Increased usage has helped to grow the confidence and acceptance of Taiwanese consumers in multinational operators to book lodging and transport. Language and service have therefore proven to be an advantage for local travel agencies, which despite offering a smaller portfolio of accommodation options may be perceived to be better suited to deal with local needs in the eyes of some customers. The Report Titled “Taiwan E-Commerce Market Outlook to 2023 – Online Retail (By Product Categories, By Desktop and Mobile, By Gender); Online Travel (By Intermediary and Direct Online Sale and By Desktop and Mobile); Online Payment Gateway Market” by Ken Research suggested that the E-Commerce market in Taiwan has been increasing due to rising tourism expenditure, an increase in the number of websites on desktop and mobile and increasing penetration of smartphones across the country. Taiwan E-commerce market including online retail and online travel the market is expected to register a positive CAGR of 4.4% in terms of gross merchandise value and 13.2% in terms of gross transaction value respectively during the forecast period 2018-2023. Key Segments Covered:- Online Retail Market By Product Category Type (Apparel and Footwear, Consumer Electronics, Media Products, Beauty and Personal Care, Consumer Appliances, Consumer Health, Personal Accessories, and Eyewear, Food and Drink, Homewares and Home Furnishings, Traditional Toys and Games, Pet Care, Home Improvement & Gardening, Video Games Hardware, Home Care and Other Internet Retailing) By Type of Device (Mobile and Desktop) By Gender (Female and Male) Online Travel Market By Categories (Intermediary Online Sales and Direct Online Sales) By Type of Device (Desktop Travel Sales and Mobile Travel Sales) By Intermediary Online Sales (OTA Online Sales to Residents and Other Travel Intermediaries Online Sales to Residents) By Intermediaries Corporate Business Online Sales and Intermediaries Leisure Online Sales By Direct Online Sales to Residents (Airlines Direct Online Sales, Lodging Direct Online Sales, Car Rental Online Sales, and Other Transport Direct Online Sales) By Intermediary Corporate Business Online Sales (Air Online Sales Only, Lodging Online Sales Only, Car Rental Online Sales Only, Transport Online Sales Only and Other Online Sales Only) By Intermediary Leisure Online Sales (Package Holidays Online Sales Only, Air Online Sales Only, Lodging Online Sales Only, Cruise Online Sales Only, Car Rental Online Sales Only, Other Transport Online Sales Only and Other Online Sales Only) Snapshot on Online Payment Gateways Market Key Target Audience Online Retail Companies Third-Party Websites of Online Retail Online Travel Companies Online Payment Gateway Platforms Government Association Government Agencies Private Equity and Venture Capitalist Firms Time Period Captured in the Report: Historical Period: 2013-2018 Forecast Period: 2018-2023E Companies Covered: Taiwan Online Retail Market: Momoshop (Fubon Group) PCHome Online Sea Ltd. (Shopee) President Chain Store Corp Apple Inc Eastern Media International Corp Rakuten Inc. A.S. Watson Retail (HK) Ltd. Far Eastern Department Stores Ltd Yahoo! Inc. Taiwan Online Travel Market: Lion Travel Service Co. Ltd. Cola Tours Group Ez Travel Co. Ltd. South East Travel Service Co. Ltd. Agoda Co. Pte Ltd. Taiwan Payment Gateway Market: ECPay NewebPay PayPal PayDollar (AsiaPay) Pay2Go Key Topics Covered in the Report:- Executive Summary Research Methodology Taiwan E-Commerce Industry Overview Taiwan Online Retail Market Overview and Genesis (Business Cycle Graph) Taiwan Online Retail Market Size, 2012-2018 Business Models in Taiwan Online Retail Market Taiwan Online Retail Market Segmentation Competitive Scenario in the Taiwan Online Retail Market Company Profiling of Major Players in Taiwan Online Retail Market Trends and Developments in Taiwan Online Retail Market Issues and Challenges in the Taiwan Online Retail Market Government Regulations in the Taiwan Online Retail Market Taiwan Online Retail Market Future Outlook and Projections, 2018-2023E Analyst Recommendations for Taiwan Online Retail Market Taiwan Online Travel Market Overview and Genesis Taiwan Online Travel Market Size, 2013-2018 Business Models in Taiwan Online Travel Market Taiwan Online Travel Market Segmentation, 2013-2018 Competitive Scenario of Taiwan Online Travel Market, 2013-2018 Company Profiling of Major Companies in Taiwan Travel Intermediaries Market Trends and Developments in Taiwan Online Travel Market Issues and Challenges in Taiwan Online Travel Market Government Regulations in the Taiwan Online Travel Market Taiwan Online Travel Market Future Projections and Outlook, 2018-2023E Analyst Recommendations for Taiwan Online Travel Market Snapshot on Taiwan Online Payment Gateways Market (Overview and Genesis, Market Size, Government Regulations, Trends and Development, Issues and Challenges and Competitive Scenario, Business Models of Online Payment Gateways and Company Profile of Major Players) For More Information on the Research Report, refer to below links:- Taiwan E-Commerce Industry Growth Related Reports by Ken Research:- UK E-Commerce Market Outlook to 2025 – Online Retail (By Product Categories, By Desktop and Mobile Transaction Type, By Gender and By Mode of Payment); Online Travel (By Intermediary and Direct Online Sale and By Desktop and Mobile Booking Type); Online Advertising (By Desktop and Mobile Ad Spend, By Type of Advertising, By Type of Display Advertising, By Sectors and By Advertising Model); Online Movie Ticket Booking; Video Streaming; Music Streaming and Online Gambling Singapore Online Advertising Market Outlook to 2023 – By Type (Search Ads, Social Media Ads, Video Ads, Banner Ads, Online Classifieds And Others), By Type Medium (Desktop, Mobile), By Sectors (FMCG, Entertainment & Media, BFSI, Automotive, Retail, Healthcare, And Others) And By Models (Cost Per Click, Cost Per Mile And Cost Per Action) Taiwan Online Advertisement Outlook to 2023 – By Medium (Desktop and Mobile), Type (Display, Video, Search, Buzz / Content and Others), By Sectors (FMCG, Healthcare, Entertainment & Media, Finance and Financial Insurance, E-Commerce and Others), and By Cost Model (CPC, CPM, and CPA) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: A.S. 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Inc.Online Retail Market Share